Key Takeaways
- Pakistan's largest cooking oil brand, Soya Supreme, is set for an IPO in July.
- The company aims to raise up to Rs2.6 billion to expand its refining capacity and invest in renewable energy.
- This move aligns with the strong revival of Pakistan's IPO market this year.
Soya Supreme, one of Pakistan’s largest cooking oil brands, is preparing for an initial public offering (IPO) scheduled for July. According to CEO Ahmad Aziz Ghulam Hussain, the company plans to raise up to Rs2.6 billion through this IPO, which will be used primarily to increase its refining capacity and invest in renewable energy sources.
The expansion plan includes a 33% increase in refining capacity from the current level of 90,000 tons per year to 120,000 tons annually. Additionally, significant funds will be allocated towards building a storage facility and investing in biomass and solar energy to reduce operational costs. Mr Hussain emphasized that these investments are crucial for accelerating growth and project implementation.
This IPO comes at a time when the Pakistan Stock Exchange (PSX) is experiencing a strong revival of its IPO market, particularly in 2024 and continuing into 2026. According to Bloomberg, ten deals have already made 2026 the busiest year on record for IPOs. The robust momentum in the IPO market is driven by improved macroeconomic stability under the IMF program, positive market sentiment, high liquidity, and political stability.
The CEO of APAG, the parent company of Soya Supreme, highlighted that the funds raised will be essential to support their growth strategies. 'We need those funds to be able to accelerate our growth and also accelerate those projects,' Mr Hussain stated. The company is optimistic about the post-listing performance of new listings, which have generally shown strong returns.
The IPO market revival in Pakistan has been significant, with 10 deals making 2026 the busiest year on record for IPOs. This trend reflects a broader shift towards equity investment driven by improved economic conditions and positive market sentiment. The PSX has experienced a strong revival, particularly since 2024, continuing into 2026 with significant momentum.
Soya Supreme’s planned IPO is part of a larger strategy to capitalize on the current favorable market conditions. The company aims to leverage this opportunity to enhance its market position and expand its operations. With robust post-listing performance expected for new listings, Soya Supreme is well-positioned to benefit from the ongoing market revival.
We need those funds to be able to accelerate our growth and also accelerate those projects.
Ahmad Aziz Ghulam Hussain, CEO, APAG
